SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                                             PRINTED: 05/12/00  PAGE:   1
                                                                                SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  FlexSystem                     (08050)        * ISC as at 04/12/00 :         600,000,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  -----------------------------------------
LOK WAI MAN        N1    14/09/00 1              475,908,000      475,500,000                                             SOMAFLEX HOLDINGS INC.        475,500,000                            

LOK WAI MAN        N1    02/11/00 1              478,018,000      475,908,000                                             SOMAFLEX HOLDINGS INC.        475,500,000                            

LOK WAI MAN        N1    08/11/00 1              478,272,000      478,018,000                                             SOMAFLEX HOLDINGS INC.        475,500,000                            

LOK WAI MAN        N1    15/11/00 1              479,676,000      478,272,000                                             SOMAFLEX HOLDINGS INC.        475,500,000                            


                    * ISC refers to the latest Issued Share Capital of the listed company recorded by the Exchange as at the date of this summaries.  It might not promptly reflect 
                      changes caused by share placements, rights issue, bonus issue, etc.  Readers should exercise caution when using these figures.

                                                                                         *****  END OF REPORT  *****

Notes:


N1     Revised

N2     Disposal were made from 28/11/00 - 1/12/00 at prices ranging from
       $0.80 - $1.02 per share.

N3     Two-for-one split of shares.

N4     Exercise of rights

N5     Arises from achievement of one of the conditions under the Sales and Purchase
       Agreement for acquisition of 49% of The Hong Kong Web Connection Limited.

N6     Disposal were made from 23/10/00 to 1/11/00 at prices ranging from
       US$10.0854 to US$10.3125 per share.

N7     Consideration per unit:  $0.285 - $0.300